Friends With Money #249: Defence shares rally
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In this week's Friends With Money, editor-in-chief Michelle Baltazar speaks with Alex Jamieson of Jamieson Private Wealth about why defence shares have rallied amid widening Middle East conflict, disrupted shipping lanes, and higher oil prices.
Jamieson explains how "defence" now spans drones, robotics, AI, cybersecurity, and software, and argues rising geopolitical risk and NATO catch-up spending make it a longer-term structural theme, though stocks can be cyclical and require active rebalancing and profit-taking.
Episode timestamps
01:30 What counts as defence stocks
02:22 Why defence stocks are rallying
04:02 Do you already have exposure
05:46 Cyclical stocks and profit-taking
07:49 Fear trade or structural trend?
09:58 Defence ETFs to consider
11:53 Stock spotlight: DroneShield
13:21 Ethics of defence investing
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